CIP Merchant Capital (LON:CIP) Stock Price Up 25% – Still a Buy?

CIP Merchant Capital Limited (LON:CIP)’s share price was up 25% during mid-day trading on Thursday . The stock traded as high as GBX 60 ($0.76) and last traded at GBX 50 ($0.63). Approximately 425,493 shares changed hands during trading, an increase of 88% from the average daily volume of 226,325 shares. The stock had previously closed at GBX 40 ($0.50).

CIP Merchant Capital Price Performance

The stock has a market cap of £27.50 million and a PE ratio of 3.65. The firm’s fifty day moving average price is GBX 50 and its 200 day moving average price is GBX 50.

CIP Merchant Capital Company Profile

CIP Merchant Capital Limited specializes in growth capital and intends to invest in listed equity and other financial products and instruments. It focuses on investing in oil and gas, healthcare, pharmaceutical, and real estate sectors. It seeks investments in concentrated portfolio of significant holdings in approximately 5 to 10 publically traded companies, with a focus on UK markets.